BNP Paribas Reiterates Neutral Rating for WM Morrison Supermarkets PLC (MRW)
WM Morrison Supermarkets PLC (LON:MRW)‘s stock had its “neutral” rating reiterated by analysts at BNP Paribas in a research report issued to clients and investors on Monday. They presently have a GBX 200 ($2.44) price objective on the grocer’s stock. BNP Paribas’ target price indicates a potential downside of 9.67% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Barclays PLC increased their price objective on shares of WM Morrison Supermarkets PLC from GBX 165 ($2.01) to GBX 190 ($2.32) and gave the stock a ” underweight” rating in a research note on Friday, September 16th. Jefferies Group reaffirmed a “buy” rating and set a GBX 210 ($2.56) target price on shares of WM Morrison Supermarkets PLC in a research note on Monday, September 5th. HSBC reaffirmed a “hold” rating and set a GBX 165 ($2.01) target price on shares of WM Morrison Supermarkets PLC in a research note on Thursday, June 30th. Beaufort Securities reaffirmed a “hold” rating on shares of WM Morrison Supermarkets PLC in a research note on Friday, September 16th. Finally, Deutsche Bank AG raised shares of WM Morrison Supermarkets PLC to a “hold” rating and raised their target price for the company from GBX 165 ($2.01) to GBX 200 ($2.44) in a research note on Monday, September 19th. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. WM Morrison Supermarkets PLC has a consensus rating of “Hold” and a consensus target price of GBX 182 ($2.22).
Shares of WM Morrison Supermarkets PLC (LON:MRW) traded up 0.54% during trading on Monday, hitting GBX 221.40. 9,088,611 shares of the stock traded hands. WM Morrison Supermarkets PLC has a 12 month low of GBX 138.60 and a 12 month high of GBX 227.10. The firm’s 50-day moving average price is GBX 210.17 and its 200-day moving average price is GBX 194.36. The stock’s market cap is GBX 5.16 billion.
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The company also recently disclosed a dividend, which will be paid on Monday, November 7th. Stockholders of record on Thursday, September 29th will be given a GBX 1.58 ($0.02) dividend. This represents a dividend yield of 0.76%. The ex-dividend date is Thursday, September 29th.
WM Morrison Supermarkets PLC Company Profile
Wm Morrison Supermarkets PLC is engaged in the operation of retail supermarket stores under the Morrisons brand and associated activities. The Company offers products, such as Free From, World Foods, Food To Go and Nutmeg clothing. It has food manufacturing capabilities in meat, fish, bakery, fruit and veg, deli and flowers.
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